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On Friday, August 6th, the Board of Directors of Ecolab (ECI) announced that it would pay a dividend of $0.155 a share to shareholders of record as of Tuesday, September 21st.The dividend checks were scheduled to be mailed on Friday, October 15th. In this scenario, the payment date is:
Suggested Answer: D
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After his market order to buy shares of GOOG is executed, Mr. Shortfall must pay for the shares within 5 business days. If he is unable to do so within this time period, GetErDone can request an extension from FINRA or another SRO for him.
36 comments · newest first
DE
Delfina
12 months ago
I agree, it's confusing but the checks go out on October 15th!
WE
Weldon
1 year ago
Wait, are we sure about that? I thought it was the record date.
GA
Gail
1 year ago
Definitely D, none of the above!
MA
Malinda
1 year ago
I think it's C, September 21st, but that's just the record date.
ER
Erick
1 year ago
The payment date is October 15th, not any of those options.
JE
Jean
1 year ago
I’m leaning towards option C, Tuesday, September 21st, since that’s when shareholders of record are noted, but I’m not completely confident.
KI
Kindra
1 year ago
I feel like the payment date is the date the dividend is actually sent out, which would be October 15th, but I guess that’s not listed.
RY
Ryan
1 year ago
I remember something about record dates and payment dates from practice questions, but I’m not sure which one is which.
WI
William
1 year ago
I think the payment date is when the checks are mailed, so it should be October 15th, but that’s not an option here.
PR
Princess
1 year ago
Ah, I remember learning about this in class. The correct answer is B, Standard Template.
JE
Jess
1 year ago
Hmm, I'm a bit confused by this question. I'm not sure how creating role-based groups would increase the complexity of key tasks. That doesn't seem to make sense to me. I'll have to think this through more carefully.
CY
Cyril
1 year ago
I bet the CFO at Ecolab is having a dividendful day with this announcement!
CR
Cristy
1 year ago
I'm pretty sure the answer is C. Tuesday, September 21st. It's the date the shareholders of record are set, so that's when the payment should be made.
CI
Ciara
1 year ago
Definitely, it's good to know when to expect dividend payments.
GL
Glenna
1 year ago
It's important to keep track of these dates as a shareholder.
JO
Josephine
1 year ago
Yes, that's correct. The dividend checks will be mailed on that day.
JE
Jerry
1 year ago
I agree, the payment date is Tuesday, September 21st.
MO
Monte
1 year ago
Hmm, this one's tricky. I'm going to go with C. Tuesday, September 21st. It makes sense that the payment date would be the date the shareholders of record are determined.
GR
Graciela
1 year ago
Yeah, C is the payment date since that's when the shareholders of record are determined.
BE
Berry
1 year ago
I agree, C does make sense based on the information provided.
CY
Cyril
1 year ago
I think you're right, C seems like the most logical choice.
RO
Rodolfo
2 years ago
I think the answer is D. None of the above. The payment date is not any of the options given.
MA
Mari
1 year ago
D) none of the above.
GE
Gerardo
1 year ago
C) Tuesday, September 21st.
LA
Laura
1 year ago
B) Friday, September 17th.
JE
Jesusita
1 year ago
A) Friday, August 6th.
KA
Kallie
1 year ago
D) none of the above.
BR
Brent
1 year ago
C) Tuesday, September 21st.
TY
Tyisha
1 year ago
B) Friday, September 17th.
GR
Grover
2 years ago
A) Friday, August 6th.
CA
Cammy
2 years ago
I'm not sure, but I think it's C) Tuesday, September 21st because that's the record date for shareholders.
DE
Denise
2 years ago
The payment date is clearly Tuesday, September 21st. That's the date the shareholders of record will receive the dividend checks.
PO
Portia
1 year ago
Yes, it's definitely Tuesday, September 21st.
SU
Sunny
2 years ago
I agree, the payment date is Tuesday, September 21st.
LI
Linwood
2 years ago
I agree with Sharmaine, the dividend checks are scheduled to be mailed on that date.
SH
Sharmaine
2 years ago
I think the payment date is C) Tuesday, September 21st.